DHL Corporation and Subsidiaries - Page 24

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               The above-referenced potential buyer did not intend to use             
          its own name initially.  Obviously, the DHL name recognition, at            
          least during a phase-in period, was necessary for purposes of               
          continuity of customer patronage and was quite valuable in that             
          respect.  Once the also well-recognized name was transitionally             
          introduced over time, the customer base could be maintained to              
          the extent possible.  To a buyer without name recognition,                  
          however, the “DHL” name would have greater value because of the             
          buyer’s complete lack of customer recognition and the cost of               
          enhancing or developing a new name and/or image.  It is the value           
          to such a willing buyer that we must consider.  Obviously, if a             
          buyer already has a more valuable trademark with better public              
          acceptance, that would not be a comparable, interested, or                  
          willing buyer.                                                              
               To a great extent, the parties experts’ (especially                    
          petitioners’) support our factual findings that the                         
          infrastructure, in the context of these cases, is at least as               
          important as the name.  Of course, petitioners’ experts’ opinions           
          minimized the role of the name and emphasized the role of the               
          infrastructure or the ability to deliver the service.                       
          Conversely, the effect of respondent’s experts’ reports was to              
          minimize or ignore the importance of the infrastructure or the              
          ability to deliver the service.                                             
               With respect to the parties’ experts whose opinions placed a           
          value on the trademark, they all relied on a relief-from-royalty            




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